National Bank of Canada (TSE:NA) PT Raised to C$116.00

National Bank of Canada (TSE:NA) had its price objective boosted by Royal Bank of Canada from C$113.00 to C$116.00 in a report issued on Thursday morning, BayStreet.CA reports.

A number of other research firms have also weighed in on NA. Jefferies Financial Group cut their target price on shares of National Bank of Canada from C$121.00 to C$119.00 and set a hold rating on the stock in a research note on Monday, August 12th. CIBC dropped their price objective on shares of National Bank of Canada from C$124.00 to C$122.00 and set an outperform rating on the stock in a research report on Tuesday, August 20th. TD Securities lifted their price objective on shares of National Bank of Canada from C$123.00 to C$129.00 in a research report on Thursday. Desjardins increased their target price on National Bank of Canada from C$116.00 to C$118.00 and gave the company a hold rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets cut their price target on National Bank of Canada from C$121.00 to C$115.00 and set an outperform rating on the stock in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of C$121.33.

National Bank of Canada Price Performance

Shares of TSE:NA opened at C$124.00 on Thursday. The firm’s 50-day moving average is C$113.37 and its two-hundred day moving average is C$112.06. National Bank of Canada has a 1 year low of C$84.27 and a 1 year high of C$127.22. The firm has a market capitalization of C$43.27 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 17.04 and a beta of 1.13.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 14.72% and a net margin of 34.10%. The firm had revenue of C$2.98 billion during the quarter, compared to analyst estimates of C$2.95 billion. Analysts expect that National Bank of Canada will post 10.5085049 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be given a $1.10 dividend. The ex-dividend date is Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.55%. National Bank of Canada’s dividend payout ratio (DPR) is presently 45.36%.

Insiders Place Their Bets

In other news, Director Yvon Charest acquired 325 shares of National Bank of Canada stock in a transaction on Monday, August 19th. The stock was bought at an average price of C$117.24 per share, for a total transaction of C$38,103.00. In related news, Senior Officer Lucie Blanchet sold 8,800 shares of National Bank of Canada stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total value of C$946,792.00. Also, Director Yvon Charest acquired 325 shares of the company’s stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. 0.21% of the stock is currently owned by corporate insiders.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.